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HomeNewsCable NewsArasu Cable plans to launch its own OTT service
Thursday, 11 July 2019 07:11

Arasu Cable plans to launch its own OTT service

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Arasu Cable TV Corporation (TACTV), which is owned by the Tamil Nadu government, is planning to secure a loan of Rs. 100 crore and launch its own over the top (OTT) service. 

The information was shared by the Minister for Information Technology M. Manikandan who told the assembly that TACTV will also provide IPTV services and internet connectivity to rural and urban households apart from the OTT service.

The minister added TACTV proposed to secure a loan of Rs 100 crore during 2019-20 with government guarantee since there is an accumulated cash flow deficit on account of purchase of set top Boxes (STBs).

The loan will help meet the challenges like paucity of funds to meet the repayment schedule and also expenditure relating to broadcasting due to heavy investment on procurement of STBs by TACTV.

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